Canada Pension Plan Investment Board Acquires Shares of 135,810 Global Payments Inc. $GPN

Canada Pension Plan Investment Board bought a new position in shares of Global Payments Inc. (NYSE:GPN - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 135,810 shares of the business services provider's stock, valued at approximately $9,854,000. Canada Pension Plan Investment Board owned about 0.05% of Global Payments as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Westpac Banking Corp boosted its stake in Global Payments by 5,795.1% during the fourth quarter. Westpac Banking Corp now owns 57,182 shares of the business services provider's stock worth $4,426,000 after buying an additional 56,212 shares during the last quarter. Gtcr LLC acquired a new stake in shares of Global Payments in the 1st quarter worth $2,911,939,000. LSV Asset Management increased its stake in shares of Global Payments by 30.8% in the 4th quarter. LSV Asset Management now owns 448,100 shares of the business services provider's stock worth $34,683,000 after acquiring an additional 105,500 shares during the last quarter. Gradient Investments LLC raised its holdings in shares of Global Payments by 156.9% during the 2nd quarter. Gradient Investments LLC now owns 45,565 shares of the business services provider's stock worth $3,306,000 after acquiring an additional 27,828 shares during the period. Finally, Pzena Investment Management LLC raised its holdings in shares of Global Payments by 4.6% during the 4th quarter. Pzena Investment Management LLC now owns 11,409,697 shares of the business services provider's stock worth $883,111,000 after acquiring an additional 500,887 shares during the period. Hedge funds and other institutional investors own 89.76% of the company's stock.

Global Payments Stock Performance

NYSE GPN opened at $91.86 on Friday. The stock has a fifty day simple moving average of $82.35 and a 200-day simple moving average of $74.64. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.90. The stock has a market cap of $24.31 billion, a PE ratio of -30.83, a P/E/G ratio of 0.53 and a beta of 0.74. Global Payments Inc. has a twelve month low of $61.16 and a twelve month high of $95.88.

Global Payments (NYSE:GPN - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The business services provider reported $3.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.44 by $0.02. The firm had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.16 billion. Global Payments had a negative net margin of 9.16% and a positive return on equity of 13.80%. Global Payments's revenue was up 68.6% on a year-over-year basis. During the same period in the previous year, the firm earned $3.10 EPS. Global Payments has set its FY 2026 guidance at 13.600-13.800 EPS. Equities analysts anticipate that Global Payments Inc. will post 13.66 earnings per share for the current year.

Global Payments Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Friday, September 11th. Global Payments's dividend payout ratio is currently -33.56%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on GPN shares. Truist Financial upped their price objective on shares of Global Payments from $79.00 to $95.00 and gave the company a "hold" rating in a report on Tuesday, August 25th. Wolfe Research reaffirmed an "outperform" rating and set a $125.00 target price (up from $110.00) on shares of Global Payments in a research note on Tuesday. BMO Capital Markets reiterated a "market perform" rating and issued a $83.00 target price on shares of Global Payments in a report on Thursday, August 6th. Stephens set a $80.00 price target on shares of Global Payments and gave the company an "equal weight" rating in a research note on Thursday, May 7th. Finally, Weiss Ratings restated a "sell (d)" rating on shares of Global Payments in a report on Friday, August 7th. Nine equities research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $92.36.

Global Payments Company Profile

Global Payments Inc NYSE: GPN is a worldwide provider of payment technology and software solutions that enables commerce for merchants, issuers and enterprises. The company develops and operates payment processing networks, point-of-sale systems and cloud-based software that facilitate electronic transactions across in-store, online and mobile channels. Its services span merchant acquiring, payment gateway services, omnichannel commerce platforms, and solutions for recurring and subscription billing.

Global Payments offers a range of products and services including integrated payment terminals and point-of-sale software, e-commerce and gateway technologies, fraud prevention and tokenization tools, and business analytics and reporting.

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